Reported 2 months ago
Prospect Capital Corp. has defended its 20-year track record against criticism regarding its payment-in-kind arrangements and reliance on individual investors for funding. The firm claims to have diverse funding sources and considers PIK arrangements as suitable for some borrowers. Despite concerns raised by analysts about its private credit fund and the sustainability of its hefty dividends, Prospect emphasizes its robust screening processes, low non-accrual loans, and strong credit ratings.
Source: YAHOO